Michael Hainsworth Sanctioned in Connection with Sending Misleading Emails to Investors

Michael Hainsworth was sanctioned by securities regulators in connection with claims that he sent emails to potential investors that were misleading, according to the Financial Industry Regulatory Authority (FINRA). Hainsworth was fined $10,000 and suspended for 30 days from the securities industry. Hainsworth sent emails to potential investors in a non-exchange traded real estate investment… Read more »

Jeffrey Carter Smith Suspended and Fined in Connection with Unauthorized Transactions in Customer Accounts

Jeffrey Carter Smith, a financial professional formerly registered with UBS Financial Services, Inc., was sanctioned by securities regulators in connection with claims that Smith made hundreds of unauthorized transactions. Smith was suspended from the securities industry for nine months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA). Smith serviced three separate Uniform Gifts… Read more »

LPL Financial Sanctioned In Connection With Sale of Non-Traded REITs, Other Alternative Investments

LPL Financial LLC was recently sanctioned by securities regulators.  LPL Financial failed to implement an adequate supervisory system for the sale of alternative investments and also failed to have compliance or written supervisory procedures that were reasonably designed to achieve compliance with regulatory rules and state suitability requirements, according to the Financial Industry Regulatory Authority… Read more »

Barry Milinovich Accused of Making Unauthorized Withdrawals from Customer’s Savings Account

Barry Milinovich made unauthorized withdrawals of funds from a customer’s savings account, according to a complaint filed by the Financial Industry Regulatory Authority’s Department of Enforcement. Milinovich, while registered with PNC Investments, made three separate unauthorized withdrawals from a customer’s savings account totaling $10,100, according to the complaint. Milinovich opened a new account for the… Read more »

Patrick W. Chapin and Christopher B. Birli Investigated by Securities Lawyers Following Regulatory Action

Patrick W. Chapin and Christopher B. Birli, two investment professionals, are being investigated by the Peiffer Wolf securities practice lawyers following allegations by securities regulators that they placed investors in unsuitable variable annuity investments, misrepresented such investments to their customers, and obtained substantial sales commissions for themselves. Chapin and Birli focused their business on servicing… Read more »

Peiffer Wolf Securities Attorneys Investigating Sales Practices of Sun 1031 TIC Investments

The Peiffer Wolf securities practice attorneys are investigating the sales practices of investment advisors that recommended and sold Sun 1031 TICs to their customers.  Specifically, the investigation focuses on whether investment professionals that sold Sun 1031 TIC products to their customers disclosed all risks surrounding that invesment and ensured that the investment was suitable to… Read more »

Securities Litigators Investigating Geoffrey W. Nehrenz in Connection with Alleged Misappropriation of Investor Funds

Geoffrey W. Nehrenz is barred from the securities industry by the Securities and Exchange Commission (SEC) due to claims he offered and sold unregistered securities, misappropriated investor funds for his own personal use and unrelated business use, and made misrepresentations regarding investments and the use of investor funds. Securities attorneys Joe Peiffer and Jason Kane… Read more »

Jeffrey Scott Davis Barred From Securities Industry in Connection with Converting Customers’ Funds

Jeffrey Scott Davis is barred from the securities industry. Davis accepted the sanctions without denying or admitting the factual findings made by the Financial Industry Regulatory Authority (FINRA). Davis converted $116,976.69 from brokerage accounts of his firm’s customers for his personal use and benefit, according to FINRA. Davis effected 71 unauthorized electronic payments totaling $116,976.69… Read more »

Jeremy Tintle Sanctioned for Unauthorized CTE Partnership Transaction

Jeremy Tintle is barred from associating with securities industry firms in any capacity due to a settlement he agreed upon with the Financial Industry Regulatory Authority (FINRA) in connection with FINRA’s claim that Tintle sold unapproved securities. Tintle sold investments in CTE without the approval of Tintle’s firm, Morgan Keegan & Company Inc., according to… Read more »

Nikolai Battoo Caused Alliance Investment Management to Supply Inflated Asset Values

Nikolai Simon Battoo caused Alliance Investment Management to provide investors with statements that overstated the value of PIWM Portfolio assets, according to a motion filed by Robb Evans & Associates LLC, the court appointed receiver for BC Capital Group, Battoo, and other BC Capital entities. Battoo, through various BC Capital Group entities, solicited investors to… Read more »